The liberalization of the energy market in Germany has made it easy for electricity/gas providers to position themselves in the market with an internet portal. More than two decades since liberalization of the market, there are now around 1,000 electricity/gas providers. In addition to an internet...
One of the most common yet challenging tasks that turnaround professionals must perform are multiparty negotiations. These negotiations are particularly difficult when counterparties perceive likely outcomes to be generally negative or not beneficial to their own interest. When that is the case,...
From 2009 to 2019 the oil industry destroyed over $300 billion of investors’ capital, and that was before the 2020 crash. 1 During this era of relatively cheap oil, the industry was run like a failed startup: companies prioritized increased market share over profitability. Investors tolerated what...
Oil & Gas Distress: Price and Quantity Considerations beyond COVID-19
Oil prices had already tumbled in 2020 before the additional shock from COVID-19 shutdowns. What led up to this volatility, and where will the energy markets go from here?
In our first virtual Town Hall, speakers discuss the impacts of the COVID-19 outbreak on various market segments, some of which were already facing disruption.
Watching this video confers 0.7 CEU credit for CTAs and CTPs....
At the end of 2014 and into early 2015, the sharp decline in the oil price was daily news. While there has been some recent respite from the price falls that were being recorded, this article explores how the new lower price will impact companies in the sector in the short and medium terms. From...
As this article is written, the price of West Texas Intermediate (WTI) crude oil (around $59.48/barrel as of June 30) remains 44 percent below a year ago, notwithstanding a recovery from the multiyear lows seen early this year. 1 While some observers speculate that this precipitous decline is the...
U.S. Bankruptcy Judge Shelley Chapman of the Southern District of New York issued a bench decision on March 8, 2016, in the Chapter 11 cases of Sabine Oil & Gas Corporation (Case No. 15-11835), authorizing the debtors to reject certain executory contracts between (i) Sabine and Nordheim Eagle...
Everyone knew that 2015 would be a daunting year for the North American energy sector, but it arguably surpassed even the worst of expectations and closed out the year at the nadir of a tumultuous and largely unanticipated downturn. Informed opinions largely agree that 2016 holds few prospects for...
